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positive impact of wealth. We also find that the expectation of inheriting has a positive impact on the intention to bequeath …, controlling for the expected increase in wealth on account of future inheritances. Apparently, it is not the financial means that … inheritance provides which account for its impact on the intention to bequeath; it is rather the family tradition of bequeathing …
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the experience of inheriting enhances the intention to bequeath, independently of the positive impact of wealth. We also … increase in wealth on account of future inheritances. …
Persistent link: https://www.econbiz.de/10011348397
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We study the joint role of altruism and impatience, and the impact of evolution in the formation of long-term time preferences and in the determination of optimal consumption and optimal bequests. We show how the consumption paths of dynasties relate to altruism and to impatience and we reason...
Persistent link: https://www.econbiz.de/10009724435
Persistent link: https://www.econbiz.de/10001251576
We study the joint role of altruism and impatience, and the impact of evolution in the formation of long-term time preferences and in the determination of optimal consumption and optimal bequests. We show how the consumption paths of dynasties relate to altruism and to impatience, and we reason...
Persistent link: https://www.econbiz.de/10011578809
Persistent link: https://www.econbiz.de/10001627151
Persistent link: https://www.econbiz.de/10001628030
The large amount of equal division of bequests by parents who otherwise would have compensated the earning differences among their children is attributed to the cost associated with unequal bequests. This paper identifies a source of this cost and explains why equal bequests to children whose...
Persistent link: https://www.econbiz.de/10009699968